Deprecated: Function ereg() is deprecated in /home/clickthelaw/public_html/blog/item.php on line 26

Deprecated: Function ereg() is deprecated in /home/clickthelaw/public_html/blog/item.php on line 26

Deprecated: Function ereg() is deprecated in /home/clickthelaw/public_html/blog/item.php on line 26

Deprecated: Function ereg() is deprecated in /home/clickthelaw/public_html/blog/item.php on line 26
 Click The Law - Headline Legal News
Internet gambling tycoon gives up $300M in plea
Headline Legal News | 2008/12/17 18:19
A co-founder of an Internet gambling company and one of the world's richest people pleaded guilty Tuesday to violating the federal wire act and agreed to forfeit $300 million as part of a cooperation deal.

A smiling Anurag Dikshit, of the British colony of Gibraltar, entered the plea in U.S. District Court in Manhattan to charges that he used the Internet to transmit interstate and foreign wagering information. The charge carries a potential prison term of up to two years.

The 37-year-old citizen of India is the co-founder of PartyGaming, a Gibraltar online gambling company that offered casino and poker games and catered to a U.S. audience.

Dikshit signed a cooperation agreement and prosecutors indicated they may eventually submit a letter to the judge asking for leniency.

Dikshit and defense lawyer Mark Pomerantz declined to comment.

Prosecutors said in a release that Dikshit developed a proprietary software platform and directed the company's computer operations from 1998 through October 2006, when he also was PartyGaming's principal shareholder.

Bail was set at $15 million, but Dikshit was not required to post any cash or property, prompting Judge Jed S. Rakoff to ask what incentive Dikshit had to attend future court dates.

But prosecutors and Pomerantz agreed that Dikshit had demonstrated his desire to cooperate, in part by already paying $100 million to the U.S. Treasury and pledging to pay another $100 million within three months and the last $100 million installment by Sept. 30.

"Mr. Dikshit decided to come to the United States to enter the plea under his own volition. He's been interviewed in Europe. We believe Mr. Dikshit is dedicated to following through," Pomerantz said.

Forbes magazine estimated Dikshit's worth last year at $1.6 billion, making him the 618th richest person in the world.



[PREV] [1] ..[2678][2679][2680][2681][2682][2683][2684][2685][2686].. [2909] [NEXT]
All
Headline Legal News
Legal Topics
Legal Business
Attorney News
Court News
Court Watch
Areas of Focus
Legal Interview
Opinions
Court says Mississippi can’t cou..
Judicial panel recommends suspend..
Facing 7 more lawsuits, Sean ‘Di..
Kenya’s deputy president pleads ..
Texas Supreme Court halts executi..
South Korean court acquits former..
Sean ‘Diddy’ Combs to stay in j..
Georgia Supreme Court restores ne..
US court to review civil rights l..
Supreme Court will weigh Mexico’..
Mississippi asks court to set exe..
New rules regarding election cert..
North Carolina appeals court bloc..
Court rules nearly 98000 Arizonan..
Sean ‘Diddy’ Combs jailed by ju..
Alaska man charged with sending g..
After just a few hours, U.S. elec..
‘The Mentalist’ star Simon Bake..
Google faces new antitrust trial ..
A man who attacked a Nevada judge..




St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Chicago Truck Drivers Lawyer
Chicago Workers' Comp Attorneys
www.krol-law.com
Raleigh, NC Business Lawyer
www.rothlawgroup.com
Bar Association Website Design
Bar Association Member Management
www.lawpromo.com
Sunnyvale, CA truck accident Attorney
www.esrajunglaw.com
Raleigh, NC Business Lawyer
www.rothlawgroup.com
San Francisco Trademark Lawyer
San Francisco Copyright Lawyer
www.onulawfirm.com
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.com
Web Design For Korean American Lawyers
Korean American Lawyer Website Design
romeoproduction.com
Connecticut Special Education Lawyer
www.fortelawgroup.com
Family Lawyer Rockville Maryland
Rockville Divorce lawyer
familylawyersmd.com
   Legal Resource
Headline Legal News for You to Reach America's Best Legal Professionals. The latest legal news and information - Law Firm, Lawyer and Legal Professional news in the Media.
 
 
 
Copyright © ClickTheLaw.com. All Rights Reserved.The content contained on the web site has been prepared by Click The Law. as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. By using the www.clickthelaw.com you agree to be bound by these Terms & Conditions.

A LawPromo Web Design